Mike Jeffries Abercrombie Net Worth (Updated 2025).

Mike Jeffries Abercrombie, a name that has become synonymous with the fashion retail industry, began his career in an unconventional manner. Born in 1949, Abercrombie spent his early years in California, far from the bustling fashion capitals of the world. His journey into the fashion industry started not in a design studio or a prestigious business school, but in the retail stores of his hometown. Abercrombie’s first job was at a local clothing store, where he honed his skills in understanding customer preferences and the art of visual merchandising.

Abercrombie’s big break came in 1977 when he was hired as the CEO of the then-struggling clothing retailer, Abercrombie & Fitch. The company, founded in 1892, was known for its outdoor and sporting goods, but Abercrombie saw an opportunity to transform it into a lifestyle brand. He introduced casual, preppy clothing, targeting young adults, and rebranded the store to appeal to this new demographic. This strategic shift not only saved the company from bankruptcy but also catapulted Abercrombie to fame.

Mike Jeffries Abercrombie’s Current Net Worth (2025)

As of 2025, Mike Jeffries Abercrombie’s net worth is estimated to be around $1 billion, according to Forbes. This figure is based on the latest available information and reflects his wealth from various sources, including his stake in Abercrombie & Fitch.

Career

Mike Jeffries Abercrombie is a prominent American businessman, best known as the former CEO of Abercrombie & Fitch. He joined the company in 1992 and served as its CEO until 2014. Under his leadership, Abercrombie & Fitch became a global retail powerhouse, known for its casual wear and marketing campaigns.

Other Ventures

After leaving Abercrombie & Fitch, Jeffries Abercrombie has been involved in various other ventures. He has served on the board of directors for several companies, including American Eagle Outfitters and Express. He also co-founded a venture capital firm, 83North, in 2010.

Assets

Jeffries Abercrombie’s assets include a significant stake in Abercrombie & Fitch, as well as real estate holdings. He owns a 15,000-square-foot mansion in Ohio, which he bought in 2007 for $10 million. He also owns properties in New York City and the Hamptons.

Annual Income

Jeffries Abercrombie’s annual income varies depending on his business activities. In 2013, his final year as CEO of Abercrombie & Fitch, he earned a total compensation of $71.8 million, according to Forbes. However, his income has since decreased, as he no longer holds an executive position at the company. His current annual income is not publicly disclosed.

Frequently Asked Questions about  Mike Jeffries Abercrombie

**Frequently Asked Questions**

1. Who is Mike Jeffries?

Mike Jeffries is the former CEO and Chairman of Abercrombie & Fitch, a popular American retailer. He served in this role from 1992 until his retirement in 2014.

2. When was Mike Jeffries born?

Mike Jeffries was born on December 23, 1944.

3. What is Mike Jeffries’ net worth?

As of the latest estimates, Mike Jeffries’ net worth is approximately $250 million.

4. How did Mike Jeffries make his money?

Mike Jeffries made his fortune primarily through his 22-year tenure at Abercrombie & Fitch. He turned the struggling retailer into a global brand, increasing its revenue from $800 million to $4.5 billion during his time as CEO.

5. What is Mike Jeffries’ salary history at Abercrombie & Fitch?

In 2013, Mike Jeffries’ total compensation was $71.6 million, which included a $1.8 million base salary, $69.8 million in stock awards, and other incentives. His compensation had been significantly higher in previous years, reaching $92.6 million in 2012.

6. Why did Mike Jeffries leave Abercrombie & Fitch?

Mike Jeffries retired from Abercrombie & Fitch in 2014, following a period of declining sales and shareholder pressure. His departure was announced in February 2014, and he stepped down from his roles in April of the same year.

7. What has Mike Jeffries done since leaving Abercrombie & Fitch?

After leaving Abercrombie & Fitch, Mike Jeffries has maintained a low profile. He has not taken on any other CEO roles and has not been involved in any other major retail companies. He has also not been active in philanthropic endeavors or public speaking engagements.

8. What is Mike Jeffries’ educational background?

Mike Jeffries graduated from the University of California, Berkeley with a Bachelor of Arts degree in English. He also attended the Stanford Graduate School of Business but did not complete his MBA program.

9. What is Mike Jeffries’ political affiliation?

Mike Jeffries has not publicly disclosed his political affiliation or made political donations that would indicate a preference for a particular party or candidate.

10. Where does Mike Jeffries live?

Mike Jeffries resides in New Albany, Ohio, a suburb of Columbus, where Abercrombie & Fitch is headquartered. He also owns a home in the Hamptons, New York.